Global economic and financial crisis (2007-2008) coupled with food and fuel crises (2006-2008) has pushed the number of undernourished in the world to 1.02 billion during 2009, This has happened despite international food commodity prices declining from their earlier peaks, finds a newly released report of the UN’s Food and Agriculture Organisation (FAO, www.fao.org) titled: The State of Food Insecurity in the World Report 2009: Economic Crises-Impacts and Lessons Learnt....

Concerted efforts have been made to give a new lease of life to the Doha Round of WTO negotiations. The question before us is: what is the most relevant role which this revived round of trade talks can play? If we take an overview of the entire international trade scene and the changes that have taken place ever since the WTO was created (including the negotiations which preceded the WTO’s...

The 2009 Human Development Report (HDR), released simultaneously across the world on Monday, makes a strong case for removing barriers to migration within and across borders, arguing that human movement had brought perceptible all-round benefits and held the potential to improve the lives of millions of poor and low-skilled people. Released jointly here by Deputy Chairman of the Planning Commission Montek Singh Ahluwalia and United Nations Resident Coordinator Patrice Coeur-Bizot, the...

India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...

A good reason why we must not rejoice the late resumption of monsoon rains is that much of the damage is already done and is irreparable. In over 60 percent of India’s agricultural belt, particularly in the North-Western parts, there will be no rabi harvest. Hence, late arrival of rains hardly mitigates the challenges of lower agricultural production, shrinking of rural purchasing power, high inflation of food prices and loss...